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Thailand's Finance One to Miss
Interest Payment on Debentures

BANGKOK, Thailand -- Finance One PCL said it is unable to make an interest payment scheduled for Sept. 15 on its 2.4 billion baht ($69.3 million) in debentures.

In a brief statement to the Thai stock exchange, the company said the payment can't be made because it is one of 58 finance companies that have been shut down by Thai regulators. The closures resulted from severe liquidity and asset-quality problems in the sector. The...